SolarEdge has announced a company restructuring plan that includes an approximate 16% workforce reduction, or around 900 employees.
Designed to align its cost structure to current market dynamics, other cost reduction efforts include discontinuing manufacturing in Mexico, manufacturing reductions in China and termination of the company’s light commercial vehicle e-mobility activity.
“We have made a very difficult, but necessary decision to implement a workforce reduction and other cost-cutting measures in order to align our cost structure with the rapidly changing market dynamics,” says SolarEdge CEO Zvi Lando.
“We are making every effort to treat our departing colleagues with respect and gratitude for their contributions and support them in their transition. We remain confident in the long-term growth of the solar energy market and our leading position in the smart energy space. These changes do not impact our strategic direction and priorities and we remain committed to continue to drive the renewable energy transformation, while providing best in class technology and support to our customers.”
The post SolarEdge to Reduce Global Workforce appeared first on Solar Industry.
Weather Guard Lightning Tech
GE Vernova and Vineyard Wind Settle, UK Approves Irish Sea Cables
GE Vernova and Vineyard Wind drop all claims in their $4.5 billion dispute. Plus the UK approves Irish Sea cables for Morgan and Morecambe, a GE turbine order in Japan, whale recorders in the Celtic Sea, and previews of WindEnergy Hamburg.
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Meet with Nikki Briggs at WindEnergy Hamburg to discuss the StrikeTape Ultra LPS upgrade
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GE Vernova and Vineyard Wind Settle, UK Approves Irish Sea Cables
Well, if I had the IQ of a squirrel and believed that Fauci colluded with hundreds of other top scientists around the world to enslave the planet’s population, I would jump right on board.
Doesn’t work for me, though.
Today, however, belief in science and reason makes me a communist.
If you want a steady stream of information about the supposed value that ExxonMobil is bringing to the world, you may want to sign up for this.
These people are playing for keeps, btw. They’re destroying a little piece more of this planet every day, and they understand that completely.
But there is money at stake. Lots of it.
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